Organ Transplant Market Huge Growth in Future Scope 2024-2031 | Organogenesis Incorporated, Terumo Co., OrganOX, Transplant Biomedical, Preservation solution

The Organ Transplant Market is estimated for 2024-2031 for the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The organ transplant market involves the transplantation of tissues or organs from a donor to a recipient for the purpose of replacing a non-functioning organ or tissues in the recipient's body. The key products in this market include kidneys, liver, heart, lungs and pancreas.

Market Dynamics:

The organ transplant market is expected to exhibit significant growth over the forecast period owing to the rising prevalence of organ failure cases globally. According to the Global Burden of Disease Study, annually more than 2 million people require transplantation of vital organs due to organ failure across the world. Moreover, the growing demand for transplantable organs coupled with rapidly aging population is also expected to fuel the market growth during the forecast period.

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Leading Key Players Include in This Report:

Organogenesis Incorporated, Terumo Co., OrganOX, Transplant Biomedical, Preservation solution, TransMedic, WorldHeart Co., Waters Medical systems, and Jarvik Heart Incorporated.

Since the report focuses on the healthcare sector, it also sheds light on key development in the said industry and latest R&D activities. It educates business owners on newly approved products, ongoing research and development, and products under the trial phase and in the pipeline.

Detailed Segmentation:

On the basis of organ type, the organ transplant market is segmented into:

Kidney
Heart
Lungs
Liver
Intestine
Others

Market Drivers:

In recent years, there has been a concerted effort across the globe to raise awareness about the importance of organ donation and its ability to save lives. Both public and private organizations have run sustained campaigns in the media, online as well as in communities to educate people about organ failure, transplantations and the shortage of organs. These awareness drives have worked to mitigate myths and misconceptions people had regarding organ donations. As more individuals understood the process and significance better, they were keen to sign up as organ donors. The number of people enrolled in organ donor registries saw a noticeable jump. This translated to greater availability of organs for transplant. Between 2015 to 2019, the number of organ transplants performed in countries like the United States and the United Kingdom increased by over 15% each year on average. The rise in awareness has been a major market driver for the organ transplant industry.

Market Restraints:

While the need for organ transplants has intensified over the past decade due to aforesaid drivers, the availability of organs has failed to keep pace. This is primarily because of low donation rates despite higher enrollment in donor registries. According to the statistics, every 10 minutes someone is added to the organ transplant waiting list in the United States but nearly 20 people die each day waiting due to the shortage of organs. Some estimates indicate that only about a third of organs required are actually transplanted due to non-viable organ availability. The lack of matching organs is a major roadblock especially for liver and heart transplants where live donors are not an option. This supply-demand disparity puts patients' lives at risk. Strict donor criteria that eliminate some organs further shrink the donor pool. Unless donations are galvanized significantly through medical innovations or policy tweaks, the limited organ supply will remain a plaguing market restraint.

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Market Opportunity:

Organ transplantation procedures have become safer and more dependable over time due to path-breaking innovations. Scientists are continuously working to extend the viability of donated organs so they can be transported longer distances and have better post-transplant outcomes. Sophisticated methods of organ perfusion that pass oxygenated fluid through donated organs instead of ice storage during transportation are showing excellent potential to expand the utilizable organ pool. Similarly, cutting-edge perfusion devices are proving helpful in assessing marginal donor organs so they can be utilized which was not possible earlier. Researchers are also experimenting with organ bio-printing where donor organs are recreated artificially using a patient's own cells. If successful, it could resolve organ shortage issues. Such technological breakthroughs in organ preservation and evaluation offer lucrative prospects to increase organ transplant volumes in the years ahead and provide new opportunities for market players.

Key Region/Countries are Classified as Follows:

» North America (United States, Canada, and Mexico)
» Europe (Germany, France, UK, Russia, Italy)
» Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
» Latin America (Brazil, Argentina, Colombia)
» Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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✤ Strategic Decision-Making: This Market research reports offer comprehensive and reliable data, analysis, and insights about a market. By accessing this information, businesses can make well-informed strategic decisions Organ Transplant market entry, product development, target audience identification, competitive positioning, and growth opportunities.

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✤ Validation and Credibility: Organ Transplant Market research reports offer independent and unbiased analyses conducted by industry experts. This lends credibility to the information presented and enhances the trust and confidence of stakeholders, including investors, partners, and customers.

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How does the Report Aid Your Business Discretion?

➥ This section of Organ Transplant Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
➥ The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
➥ A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
➥ New player entry analysis and their scope of new business models
➥ The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
➥ A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
➥ A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
➥ Details on market estimations, market size, dimensions and the like
➥ A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Mr. Shah
Coherent Market Insights Pvt. Ltd,
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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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